Quote:
Originally Posted by Winnipegger
What would you suggest? The city already grants TIFs for almost anything new downtown, but it turns out when you have low property taxes, shaving a couple hundred thousand off annual operating costs for high rise residential doesn't move the pro-forma needle as much as people think it would in the face of high construction and land costs.
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That is the thing Winnipegger, I don't really have a solution.
I would like to think that downtown is in a position with some recent momentum to really push forward in a positive way. Having said that, I also think that with any kind of stagnation we could easily stumble backwards into a hole. Kind of on a ledge right now.
This is why I think if the City has any "carrots" to use, they should be going all in right now.
Tiff's, zoning and variance relief, funding opportunities, whatever they have, I say use it.
...I love that strip in Oslo.
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